Ziff Davis gets consent-solicitation extension

Published on August 06, 2002.

New York--Ziff Davis Media on Tuesday said it has received a further extension to solicit consents for its financial restructuring plan. The extension is valid until 5 p.m. Tuesday. Stockholders representing 92% of the company's $250 million in senior notes have accepted the terms of the restructuring plan so far. In addition, about 98% of the senior note holders and about 96% of the senior bank lenders who voted have also agreed to implementing the restructuring through a "prepackaged plan of reorganization."